Should First-Time Buyers Prioritize Location Over Condition?
My wife and I are debating whether to buy a fixer-upper in the suburbs or a turnkey condo downtown, given we both work from home. The fixer-upper would cost $80,000 less but needs a new roof and kitchen, which could take months of weekends. In today's market with mortgage rates above 6%, should first-time buyers prioritize location over condition, or is renovation risk worth the lower entry price?